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Transfer the ownership for C-Corp after 1031 exchange
Can C-Corp transfer/sell the share/ownership after 1031 exchange?
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Dave Foster
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@Michael Zhang since the C corp is it's own taxpayer the 1031 exchange was reported on it's tax return. The new property is an asset of the C corp still reported on it's tax return. So it shouldn't matter what you do with the C corp. Selling the C corp (or gifting it) sells all of the assets and liabilities of the C-corp as well. the 1031 exchange that bought the asset is pretty much irrelevant once it is complete.
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